LiveMore Lifetime Mortgage Rates

LiveMore Mortgages offers a range of fixed-rate lifetime mortgage products tailored for homeowners over 55. These products allow customers to release equity as a lump sum, providing financial flexibility in retirement, while offering stable, predictable repayments with their fixed rates.

Key Features

• Minimum Age Requirement: 55
• Interest Rate Type: Fixed for life

Pros of LiveMore Mortgages

• Competitive Fixed Rates: Ensures predictable costs with fixed interest for the lifetime of the loan.
• No Negative Equity Guarantee: The debt will never exceed the property’s value, offering peace of mind.
• Wide Property Criteria: LiveMore are known to have a wider range of property types they accept and assess on a case by case basis.
• LiveMore's range of mortgage products are designed for those aged 50 and over, offering flexibility and an increased amount of options for those seeking to remortgage.

Cons of LiveMore Mortgages

• No Drawdown Option: Only lump-sum options are available, which may not suit those seeking gradual access to funds.
• Higher Property Value Requirement: A minimum property value of £100,000 may exclude some homeowners.
• May not offer larger loans and there are property value restrictions.

Types of Lifetime Mortgages Offered

• Lump Sum: Allows customers to release a single lump sum of equity, ideal for larger one-off purchases or to clear existing debts.

How LiveMore Mortgages Compares

LiveMore Mortgages stands out for its fixed-rate products and flexibility with voluntary repayments, but it lacks the drawdown feature that other providers offer, which might not appeal to those seeking a pre-approved release of funds.

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